Monday, August 29, 2016

The Vizzda Weekly - Greater Phoenix - August 29th, 2016

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August 29th, 2016
Last week in Phoenix, Vizzda tracked $389,410,327 in commercial transactions including 33 sales and 17 new projects. Below are reports for five of those events.
Avondale Land Proposed for Retail Purchased for $6.345M
On August 22nd, Dona Lisa Johnson purchased 2.81 acres of vacant land from Vintage Partners for $6,345,000 with $3,172,500 in new funding with Wells Fargo.

Note: Land has recently been improved by 33,165 SF "Sportsman's Warehouse". See updated report for more details.
(1 of 9 land sales last week)
Multi-Tenant Office in Phoenix Purchased for $2.72M  
On August 23rd, Design Roofing purchased a 36,672 SF office from Block Real Estate for $2,720,000 with $1,778,272 in new funding with FirstBank.   
(1 of 4 office sales last week)
Apartments Near 32nd Street and Bell Road Purchased for $3.0125M   
On August 19th, Thomas Willisch purchased a 57-unit apartment complex from a trust managed by Gary and Tami Eilts for $3,012,500 with $2,260,000 in new funding with Washington Federal.    
(1 of 3 multifamily sales last week)
Industrial Yard in Lower Buckeye Purchased for $1.9M
On August 25th, Lunday-Thagard Company purchased a 4.98 acre industrial property from Liquid Environmental Solutions for $1,900,000 with $50,000 down. Likely user-buyer.   
(1 of 6 industrial sales last week)
Four Retail Buildings in Chandler Purchased for $6.1M
On August 19th, Diversified Partners and Berge Auto Group purchased a 4-acre, 4-building property from David Santefort for $6,100,000. Portions of the property are net-leased to Starbucks and Jack in the Box restaurants.     
(1 of 11 retail sales last week)
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